Plug Power Inc. (PLUG) Stock Price & Analysis
Plug Power Inc. (PLUG) closed at USD 1.38 on Thursday, October 22, 2026, down 2.13% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 1.41; the Oct 22, 2026 session ranged USD 1.34–1.42 on volume of 45,129,466 shares. Market capitalization is $1.93B, with a 52-week range of USD 1.34–4.33 (NCM). Source: Nexqual, retrieved October 23, 2026 at 09:26 UTC.
Also available as compact Markdown for AI agents: nexqual.com/PLUG.md
Key facts (PLUG)
- Last four reported quarters (through Jun 30, 2026): revenue $744M, net income -$1.64B (-220.6% margin), free cash flow -$523M (SEC filings).
- 1 of 80 tracked superinvestors hold PLUG (13F, Q2 2026): 0 new, 0 added, 0 reduced, 1 unchanged.
- Insider open-market sales, last ~7 months: 4 Form 4 filings, $671K; 0 not under a Rule 10b5-1 plan ($0K); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Hold (mean 2.89 on a 1–5 scale) (19 analysts), mean target USD 3.39 (range 0.75–7).
- Total return with dividends: 1Y -52.1% vs S&P 500 +14.9%; 5Y -95.8% vs S&P 500 +80.3%.
- Next earnings: 2026-11-09, EPS estimate USD -0.06, revenue estimate $193M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (PLUG)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $502M | $701M | $891M | $629M | $710M | $744M |
| Gross profit | -$171M | -$194M | -$508M | -$625M | -$242M | — |
| Operating income | -$437M | -$680M | -$1.34B | -$2.02B | -$1.47B | -$1.29B |
| Net income | -$460M | -$724M | -$1.37B | -$2.10B | -$1.63B | -$1.64B |
| EPS (diluted) | -$0.82 | -$1.25 | -$2.30 | -$2.68 | -$1.42 | — |
| Free cash flow | -$530M | -$1.27B | -$1.77B | -$1.02B | -$647M | -$523M |
| Gross margin | -34.1% | -27.7% | -57.0% | -99.4% | -34.1% | — |
| Operating margin | -87.1% | -96.9% | -150.7% | -321.2% | -206.7% | -172.8% |
| Net margin | -91.6% | -103.2% | -153.6% | -334.7% | -229.8% | -220.6% |
| Revenue growth | +638.8% | +39.6% | +27.1% | -29.5% | +12.9% | — |
| Cash + short-term investments | $3.72B | $2.02B | — | — | $369M | — |
| Total debt | $208M | $14.1M | $6.6M | $321M | $431M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (PLUG)
P/S 2.6x · EV/Sales 3.1x · P/B 3.3x · FCF yield -27.14% · Earnings yield -85.13% · Net debt $416M · EV $2.34B
Superinvestors (SEC 13F-HR, Q2 2026) (PLUG)
1 of 80 tracked investors hold PLUG. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Mairs & Power | Mairs & Power Funds | <0.01% | $27K | Unchanged |
Insider sales (SEC Form 4, open-market, last ~7 months) (PLUG)
4 of 4 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-10-15 | Haycraft Benjamin | CSO & GM EMEA | 9,375 | $13K | 9.3% | Yes (adopted June 11, 2026) | Too little history (no open-market trades in 2023 or 2024) |
| 2026-09-18 | Haycraft Benjamin | CSO & GM EMEA | 200,000 | $428K | 66.4% | Yes (adopted June 11, 2026) | Too little history (no open-market trades in 2023 or 2024) |
| 2026-09-11…2026-09-15 | Haycraft Benjamin | CSO & GM EMEA | 32,560 | $68K | 9.8% | Yes (adopted June 11, 2026) | Too little history (no open-market trades in 2023 or 2024) |
| 2026-06-08 | Helmer Maureen O | Director | 50,000 | $162K | 13.5% | Yes (adopted March 9, 2026) | Too little history (no open-market trades in 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (PLUG)
Consensus Hold (mean 2.89 on a 1–5 scale), 19 analysts; mean target USD 3.39 (low 0.75, high 7).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-14 | Susquehanna | Target lowered | Neutral | $2.5 → $1.75 |
| 2026-09-29 | HC Wainwright & Co. | Reiterated | Buy | $7 |
| 2026-08-12 | Roth Capital | Target raised | Buy | $3.5 → $5 |
| 2026-08-11 | HC Wainwright & Co. | Reiterated | Buy | $7 |
| 2026-07-10 | Susquehanna | Target lowered | Neutral | $3.75 → $2.5 |
| 2026-07-09 | Morgan Stanley | Target raised | Underweight | $1.5 → $1.65 |
Total return (dividends reinvested) (PLUG)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -52.1% | -95.8% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -52.2% | -46.8% |
| Volatility (annualized) | 78.1% | 89.2% |
| Max drawdown | -66.9% (May 2026→Oct 2026) | -98.3% (Nov 2021→May 2025) |
Companies that name PLUG in their SEC reports
| Relationship to PLUG | Company | Filing | Sentence |
|---|---|---|---|
| partner | OLIN Corp (OLN) | 10-K Feb 20, 2026 | “For the years ended December 31, 2025 and 2024, we contributed capital of $1.8 million and $23.0 million, respectively, in a non-consolidated affiliate, Hidrogenii, a joint venture between Plug Power, Inc. and Olin Corporation.” |
PLUG analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $-0.06 | $-0.07 | -9.0% | $192.6M | 6 |
| Next quarter (ends Dec 2026) | $-0.03 | $-0.04 | -23.0% | $285.3M | 6 |
| Current fiscal year (ends Dec 2026) | $-0.27 | $-0.30 | -10.0% | $820.8M | 5 |
| Next fiscal year (ends Dec 2027) | $-0.15 | $-0.16 | -7.3% | $978.4M | 6 |
Key Statistics (as of October 23, 2026 at 09:26 UTC)
| Price | USD 1.38 |
|---|---|
| Change | ▼ 2.13% (down) |
| Previous Close | USD 1.41 |
| Open | USD 1.37 |
| Day Range | USD 1.34 – 1.42 |
| 52-Week Range | USD 1.34 – 4.33 |
| Volume | 45,129,466 shares |
| Market Cap | $1.93B |
| Exchange | NCM |
Technical Analysis (PLUG)
Nexqual's technical model rates PLUG "SELL" based on 2 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 09:26 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 22.21 (oversold) |
| vs SMA50 | Below (USD 1.96) |
| MACD | -0.18 (negative) |
Analyst Ratings (PLUG)
Wall Street analysts rate PLUG "Hold" based on 19 analysts, with a mean price target of USD 3.39 (range USD 0.75–7), per Nexqual as of October 23, 2026 at 09:26 UTC.
| Consensus Rating | Hold |
|---|---|
| Analyst Count | 19 |
| Mean Target | USD 3.39 |
| High Target | USD 7 |
| Low Target | USD 0.75 |
| Buy / Hold / Sell | 5 / 11 / 3 |
Earnings (PLUG)
| Next Earnings Date | 2026-11-09 |
|---|---|
| EPS Estimate | USD -0.06 |
| Revenue Estimate | $192.56M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD -0.07 vs est -0.08 ▲ beat |
| 2026-03-31 | USD -0.18 vs est -0.1 ▼ miss |
| 2025-12-31 | USD -0.06 vs est -0.11 ▲ beat |
| 2025-09-30 | USD -0.12 vs est -0.13 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:26 UTC.
Financials & Fundamentals (PLUG)
| Total Revenue | $744.09M |
|---|---|
| Revenue Growth (latest quarter, YoY) | +2.50% |
| Gross Margin | -24.75% |
| Operating Margin | -24.88% |
| Profit Margin | -220.59% |
| ROE | -144.96% |
| Debt / Equity | 1.77 |
| Current Ratio | 2.32 |
| Total Cash | $172.09M |
| Total Debt | $1.04B |
Source: Nexqual, October 23, 2026 at 09:26 UTC.
Ownership (PLUG)
| Insider Ownership | +4.52% |
|---|---|
| Institutional Ownership | +73.27% |
| Shares Outstanding | 1.40B |
| Float | 1.33B |
| Short % of Float | +22.95% |
Source: Nexqual, October 23, 2026 at 09:26 UTC.
Leadership (PLUG)
Plug Power Inc. is led by Jose Luis Crespo, CEO, President & Director, per Nexqual as of October 23, 2026 at 09:26 UTC.
| CEO, President & Director | Jose Luis Crespo |
|---|---|
| Executive Chairman | Andrew J. Marsh |
| Executive VP, CAO & CFO | Paul B. Middleton |
| Chief Operating Officer | Dean C. Fullerton |
| Chief Strategy Officer & GM of EMEA Region | Benjamin Haycraft |
Major Backers & Investors (PLUG)
Notable institutional backers of Plug Power Inc. include UBS Group AG, Citadel, Two Sigma Investments, LP, according to Nexqual as of October 23, 2026 at 09:26 UTC.
Active Investors
| Investor | Stake |
|---|---|
| UBS Group AG | 2.37% |
| Citadel | 1.73% |
| Two Sigma Investments, LP | 1.62% |
| Shaw D.E. & Co., Inc. | 1.57% |
| Fidelity | 1.56% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 13.17% |
| Vanguard Group | 9.24% |
| State Street | 2.77% |
| Geode Capital | 2.62% |
| Dimensional Fund Advisors | 1.4% |
Source: Nexqual, October 23, 2026 at 09:26 UTC.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| PLPC | Preformed Line Products Company | USD 331.72 | ▼ 8.23% |
| ENR | Energizer Holdings, Inc. | USD 23.43 | ▲ 2.94% |
| HAYW | Hayward Holdings, Inc. | USD 12.71 | ▲ 5.39% |
| FOIL | Londian Wason New Energy Tech I | USD 17.32 | ▼ 0.17% |
| ACCV | Accelevation Holdings Corp. | USD 12.25 | ▼ 12.06% |
| AMPX | Amprius Technologies, Inc. | USD 7.91 | ▼ 4.81% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:26 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt